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Metals Stocks: Gold prices tick up from worst levels of 2018

Gold futures rose slightly Tuesday as the dollar pulled back from multimonth highs, but the precious metal still hovered near the lowest levels of the year.

June gold GCM8, +0.06% was up 70 cents, or less than 0.1%, at $1,291.60 an ounce. That’s more than $10 up from the $1,281.20 it grazed at one point Monday, the lowest intraday level since December. July silver SIN8, +0.48% meanwhile, tacked on 4 cents, or 0.2% to $16.56 an ounce.

“The safe haven is still trading near the $1,290/ounce level, where it has remained stuck for a week now, showing little response to developments on the trade or geopolitical fronts,” said Marios Hadjikyriacos, a strategist with brokerage XM.

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